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In America, some of the richest individuals own vast amounts of land, with Bill Gates owning more than all of New York City and Jeff Bezos owning 420,000 acres. The largest private landowner in America, John Malone, owns 2.2 million acres. The top 100 private landowners in the country own 1.86% of all available land, mostly consisting of forests, ranches, and farmland. Farmland has significantly increased in value over the years, making it a desirable investment primarily for wealthy individuals due to its high cost. Institutional capital is also playing a larger role in the land market, which is now a $3 trillion asset class.
